Ask a D.C. insider what’s the best way to solve the debt crisis. Nine times out of ten, they’ll recommend taking on more debt. That’s how things operate in the Potomac swamp. Up is down, right is left, digging yourself into more debt is the best way to get out of it. But it wasn’t always like this. In fact, there used to be common sense when it came to the economy. So where did it all go wrong?
Politicians talk about the uninsured. Special interests argue on behalf of those with pre-existing conditions. But why is no one wondering how doctors are affected by the new law? They’re the ones on the frontlines dealing directly with new patients, as well as the red tape that makes bureaucracies go round.
Politicians proclaim the benefits of small business while on the campaign trail. But when they meet in the seedy halls of Congress, they have no problem doing whatever they can to stifle, regulate, and subdue their progress. Instead of siding with entrepreneurs, these politicians often side with political allies and cronies that helped put them into office.
Just because you’re retired doesn’t mean you have to stop working. Especially now that you have all the time in the world to do what you really want. Entrepreneurs don’t only come out of Silicon Valley. They come from all walks of life, from all different ages. If you’re retired and want to stay active while you relax, then find out the steps you need to take in order to start, manage, and grow your next small business.
Technology brought the world together. But has it gone too far? Decades ago, mail was delivered by hand. Now it’s delivered in seconds. How has that changed the way you live your life? How has it changed the way people act with each other? These are just some of the questions we need to ask.
The U.S. dollar has been the world's reserve currency for almost a century, and already there are signs it may be in decline. But that doesn't mean it's not still valuable. On the contrary... As Chris Mayer explains, there are many reasons the U.S. dollar will remain relevant on the world stage for years to come. Read on...
Gun control isn’t a modern idea. The rise of gun control laws and limits on your 2nd Amendment freedom go hand in hand with the increase in the size and scope of government. Politicians want you to think the only people who can keep you safe are government forces. But as one renown libertarian economist and thinker will show you, their misguided laws do nothing but take away your freedoms and leave you less safe.
The government will do whatever it takes to make sure it has enough of your money to fund itself. On the surface you might think that means enduring a grueling audit. But the IRS and the government is more than willing to ignore your privacy in the cold relentless pursuit of the money they think they deserve. As they get bigger and bigger every year, the smaller and smaller your paycheck becomes as they leach off it.
The Congressional Budget Office said the government needed to reach 7 million people by the end of March. They claim to have reached the goal and now the debate about Obamacare is over. But what does this milestone really mean in the ongoing healthcare discussion? And more importantly, how will it affect reforms going forward?
If you’re good at something should you be penalized so others have a chance at success? Should award winning actors and actresses be barred from future Oscar ceremonies to give other men and women the chance to succeed? Success should always be rewarded and encouraged. But what happens when you have a government that wants to even the playing field and take away the spoils of success. Gregory Bresiger finds out...
In an effort to cut costs and keep track of patients' records, governments could institute a medical guideline cookbook. Bureaucrats might think they have the best of intentions in mind, but these new rules would drag down the medical process and destroy whatever quality is left in our current system.
Practical people often pooh-pooh fiction reading as a time wasting dalliance, dominated by a Marxist coloring of the world. However, fiction readers were given a scientific reason recently for spending hours absorbing fanciful figments of someone’s imagination.
Argentina is suffering the ravages of government debasement of the currency -- i.e., inflation, the process by which government pays for its ever-increasing debts and bills by simply printing more paper currency. The expanded money supply results in a lower value of everyone’s money, which is reflected in the rising prices of the things that money buys.
When government expansion is allowed to continue unabated or when it casts a heavy regulatory shadow on America’s entrepreneurial spirit, the freedoms that we’ve come to know, and perhaps take for granted, slowly begin to slip away.
The saga of All Saints could soon be coming to a community near you. Thanks partly to the scandal surrounding the IRS’ targeting of conservative groups, the agency has proposed a new set of rules for a huge number of social-welfare groups that claim tax exemption under Section 501(c)4 of the tax code.
The new reality of Obamacare’s tax credits has left finance reporters to pen articles warning readers to “take care” when considering a tax credit and providing strategies for how best to “protect yourself.” So what do finance reporters know that the White House doesn’t?
Nihilo ex nihilo fit. Out of nothing, nothing comes. First put forward by ancient Greek philosopher Parmenides in the fifth century B.C., Thomas Aquinas and St. Augustine later used this axiom to prove that the universe needed a “first mover” to get things going. Even if the whole thing began with some kind of “Big Bang” moment, it still needed a banger to bang it. Who? God, of course.
What positive steps can we take? The energy that is now expended by well intentioned, freedom-seeking individuals on the destructive course of politics can be turned into powerful steps that will have a positive effect on the future. All are moral, right and just. None require aggressing. Consider the following...
The Affordable Care Act creates a new health insurance marketplace (the exchange). But because of the great uncertainty about what buyers will enter the market and who will buy what product, the law creates three vehicles to reduce insurance company risk.
Politicians and bureaucrats are notorious for manufacturing euphemisms -- clever but deceptive substitutes for what they really mean but don’t want to admit. That’s how the phrase “revenue enhancement” entered the vocabulary. Some of our courageous friends in government couldn’t bring themselves to say “tax hike.”
“It is difficult to make predictions, especially about the future,” says a proverb often attributed to Yogi Berra. Imagine the world of freedom, or lack of it. Who could foresee the technologies that make our lives so rewarding and convenient? The same technologies have us all under the government’s giant microscope. Thankfully, the brave have turned the microscope around.
In the months since Edward Snowden revealed the nature and extent of the spying that the National Security Agency (NSA) has been perpetrating upon Americans and foreigners, some of the NSA's most troublesome behavior has not been a part of the public debate.
National Treasury Union President Colleen M. Kelly recently described the 2014 IRS budget allocation as “woefully inadequate.” But the agency has not proven itself to be an efficient steward of taxpayer dollars. Here are ten ways the IRS lost the trust of the American people.
It’s easy to be negative about the U.S. economy these days. Find a glint of silver, and folks come running to point out all of the dark clouds looming about. This, of course, is what we got last week when the monthly jobs report was released from the U.S. Department of Labor (DOL). Folks pooh-poohed the number of jobs and whining that they’re not enough or that it’s less than a bunch of economists thought that it might be. But you know what? Stuff ’em.
Given how poorly states like California and Illinois have funded the pension funds for their own employees, one would think that this would stop dead in its tracks any plan to have the government assist in managing private sector funds too. The spate of recent activity, however, suggests otherwise.
Facts are easy. You can check facts. What supporters of the Affordable Care Act are doing, on the other hand, transcends factual bungling. It’s far more advanced: a warping of reality so debauched it looks like something out of a tale by H.P. Lovecraft.
The problem for NSA apologist is that when guys like Snowden disclose that the government conducts comprehensive surveillance in ways that would have made 1984’s O’Brien drool, it puts the entire progressive agenda in jeopardy.
In all likelihood, Republican efforts to defund Obamacare are toast — and sooner rather than later. It appears to be a fantasy that a bill to defund would even make it to president Obama’s desk.
This straightforward reality has prompted many reasonable observers to ask why frustrated conservatives would bother risking a government shutdown over the affair. Suck it up and move on, they say — even if Obamacare is stupid or bad.
And they are being reasonable, but they’re also wrong.
Many people are beyond frustrated with Republicans right now. They just don’t get it. It seems to be inadequate for today’s Republicans simply to do the intransigent, useless thing. They have to do the thing that also “holds us hostage,” putting the whole government and its functions on the line in order to gratify their sense of ideological correctness. WHY??? Because they’re jerks, comes the answer. They’re mean people.
That’s a judgment that would make a lot more sense were it not the case that, every day, on a myriad of issues right and left, it’s the government that’s holding us hostage — hostage to one-time votes made in Congress for the usual farrago of not-so-idealistic reasons.
Here’s how it works: a bill comes up for a vote. Round after frenetic round of lobbying and whipping has pretty much guaranteed the outcome. The bill passes, but more importantly the funding for the bill passes, and no matter how much of a dog the law turns out to be, it stays funded.
Once one chunk of the budget is on the table, every chunk of the budget there’s a constituency to alter is on the table, conceptually speaking. Defunding anything occurs to us as a slippery slope — a slippery cliff. If you defund this, what’s to stop future crazy Members from trying to defund anything they don’t like?
What indeed? How else are bad laws to be disposed of? Repeal? Debates around repeal are the same debates: repealing a law that is a budget item is defunding it (and then taking its penniless body out back and hitting it with the shovel).
Our fear of a Congress consumed by efforts to defund disliked laws has inspired us to think that nothing should be defunded. In fact, we are so convinced that everything should be funded that we fear the only way to make good on our conviction is to always fund more than everything, a.k.a. increase the debt ceiling.
This is how, in our minds, the only way to make a law mortal becomes a mortal threat to democracy. But isn’t it a greater threat to democracy to insist that no law, once passed, can ever go off the books and out of the budget? Isn’t the ultimate threat to democracy an enforced vow that once one hapless collection of Members or another votes to spend money on something important, we have to pay for it forever?
Of course, sometimes a new Congress does come in and tweak things around. Sometimes a program here or there gets sliced or dropped. But that’s a poor reflection of what’s at stake when it comes to the federal budget and American democracy.
What matters is that sometimes realignments of power that reflect voters’ minds and real-world change inspire Members of Congress to oppose a (big) budgeted piece of legislation. And because of our paralyzing fear of “dysfunctional government” (I’ve got news for you, it’s already here), Washington is set up so that any effort to defund a significant piece of legislation will provoke a “shutdown showdown.”
And guess what: We actually have been to this rodeo before. Seventeen times! Sometimes over matters considerably more limited in their scope and heft than Obamacare. That’s why Michele Bachmann is saying stuff like this to Byron York:
This isn’t just another bill. This isn’t load limits on turnip trucks that we’re talking about. This is consequential. And I think the reason why you’ve come to this flash point is that this is an extremely consequential bill that will impact every American, and that’s why you have such passionate opinions.
Analogies are always risky, but: this is tantamount to a move to defund the war in Iraq. Either you think the budgeted legislation is horrible or you don’t. And if you think it is horrible (like, a truly inexcusable mistake with real, rotten, and lasting bad consequences) then you’re in dereliction of your political duties not to try to take the money away. And if the reason you’re given for why the money has to stay — why the legislation is immutable — is that we can’t risk a government shutdown, well, who’s the real hostage? Especially when — the ultimate howler — you’re simultaneously told that your efforts are even more ridiculous because there’s no way they could ever actually work?
This line of intimidation and guilt-tripping knows no party. It works like a charm when demonizing and discrediting any group of legislators who want to un-chisel a once-passed bill out of budgetary stone. But is the “mature, responsible” position to treat a piece of legislation like a prison you build around yourself and fund forever, even after your death?
Elected representatives from both parties ought to break the shackles of fear-soaked propriety more often. So what if, most of the time, their push to defund will be dead on arrival? Establishment types will realize that shutdowns aren’t the horror shows they dread. And Members of Congress will begin to understand that slavish devotion to party and budget orthodoxy serves neither their conscience nor their constituents.
The best way to shake up our calcified government and two-party system is for individual Members to band together ad hoc — or alone, if need be — to try applying the power of the purse to legislation they truly, madly, and deeply cannot abide.
And yes: if our reps can’t tell the difference between budgetary resistance born of expediency and scheming instead of a sense of prudence and principle, there’s a strong pro-democracy case for throwing them out of office at the first available chance.
– James Poulos
Article originally appeared here.